Looking for support and resistance lines?
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Happy Tuesday!
Bulls worked to keep their gains from the gap up yesterday, but will it hold? Bulls are inbetween a rock and hard place. 335 is gonna pose a challenge upward, and 332 is where the bears like to show up. Still got a gap open and somebody somewhere is looking at it...
Intraday will give more details regarding todays move.
Graveyard Shift / Morning Crew
Graveyard Shift: nothing special
Morning Crew: Nothing speacial
Futures Crew (/ES)
Bullish rocket launch from last week. If gravity is to do its normal move, bears are going to come and retest some spots. 3360 ish where the bulls are getting held at for now, with 3330 a hold for bears. Wheres a target for both?
Two big numbers today:
For Bulls: 3365
For Bears: 3320
Resistance levels
(Pre-Market) 334.75
(See Shared Chart)
Support levels
(Pre-Market) 333.6
(See Shared Chart)
Gaps
356.37 - 357.48
337.7-338.52
Extras
On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results.
Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence:
Black Solid Bold (Weekly S/R)
Gold Solid (Daily S/R)
Dashed Black (Hourly S/R)
Blue Line (Target S/R)
Pink Line (Gap Target)
Shared Chart
www.tradingview.com/chart/oOetWWMH/
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Like the idea and follow me for intraday SPY commentary!
Happy Tuesday!
Bulls worked to keep their gains from the gap up yesterday, but will it hold? Bulls are inbetween a rock and hard place. 335 is gonna pose a challenge upward, and 332 is where the bears like to show up. Still got a gap open and somebody somewhere is looking at it...
Intraday will give more details regarding todays move.
Graveyard Shift / Morning Crew
Graveyard Shift: nothing special
Morning Crew: Nothing speacial
Futures Crew (/ES)
Bullish rocket launch from last week. If gravity is to do its normal move, bears are going to come and retest some spots. 3360 ish where the bulls are getting held at for now, with 3330 a hold for bears. Wheres a target for both?
Two big numbers today:
For Bulls: 3365
For Bears: 3320
Resistance levels
(Pre-Market) 334.75
(See Shared Chart)
Support levels
(Pre-Market) 333.6
(See Shared Chart)
Gaps
356.37 - 357.48
337.7-338.52
Extras
On the live chart, I typically run 5's and 15's. Because these are more intraday important, I'll be updating them as they come up. Be sure to check the live is you want more immediate results.
Re-evaluating the chart layout and have decided for simplicity and cleanliness. Important lines are in this presidence:
Black Solid Bold (Weekly S/R)
Gold Solid (Daily S/R)
Dashed Black (Hourly S/R)
Blue Line (Target S/R)
Pink Line (Gap Target)
Shared Chart
www.tradingview.com/chart/oOetWWMH/
Weekly Projection
None this week.
If this helps you, like the chart and feel free to follow me. I freely offer intraday SPY commentary. Thanks for taking the time to read. All of this information is my interpretation and shouldn't be taken as trading advice. Good luck out there traders!
Comment:
bears putting some pressure near the pre low for a start, giving it a few mins to find direction.
Comment:
got a nice size pre market range, the close of yesterday is important and the bears holding it under is not a good thing for bulls
Comment:
hitting yesterdays close. doing the thing that they like to do. now theyll want to hold it to get near the prehigh.
giving bears a chance to test the pre low. theyll need a lower low to get driving down
giving bears a chance to test the pre low. theyll need a lower low to get driving down
Comment:
bear attack on that candle. bullls gonna try climbing up back up. 334.3 is what price theyll want to cap
Comment:
channel surfing between the close of yesterday and the prelow.
volume light. big fish = big move.
vix a little up. and the p/c is sitting around 1.9 this morning.
volume light. big fish = big move.
vix a little up. and the p/c is sitting around 1.9 this morning.
Comment:
theres a push through 334.3. bulls gotta defend to try and work back to 335
Comment:
hitting the prehigh causing a reaction
bears not happy and looking like they want to get to work
bears not happy and looking like they want to get to work
Comment:
if bulls hold around this golden line, theyll want to try and retest around the pre low.
Comment:
bears will try and set a lower low.
bulls will need to hold 332.55ish to extend this pullback to pre low.
bulls will need to hold 332.55ish to extend this pullback to pre low.
Comment:
the obvious question is, "will they fill the gap?"
im betting so.
the more specific question is. "when?"
answer is more likely sooner than later.
im betting so.
the more specific question is. "when?"
answer is more likely sooner than later.
Comment:
Anything goes into the end of the.
bears got a chunk of the gap. still some more left.
once bulls saw a 'good deal' they bought in.
rushed above the golden line, and now sitting at a lower high.
they could channel surf under the pre low remainder of the day. as long as theyre above the golden line, they should be safe from a collapse
where could bulls run up?
well they never made it past the pre high. they may try and give that another shot.
bears got a chunk of the gap. still some more left.
once bulls saw a 'good deal' they bought in.
rushed above the golden line, and now sitting at a lower high.
they could channel surf under the pre low remainder of the day. as long as theyre above the golden line, they should be safe from a collapse
where could bulls run up?
well they never made it past the pre high. they may try and give that another shot.
